Day in general:
- Red green day after commissions, before commissions mostly flat
- One major loser ... absolute reminder of why I need to trade very small
- Crazy overtrading trying to finish more or flat
- Not happy with performance ... not really concentrated and taking advantage of
what market was providing
Trade:
Set-up: -------------------------------- Intraday parabolic short
Quality of set-up: --------------------- A
Number of Entries: --------------------- 3
Capital used: ------------------------- ca. 900
Risk: ------------------------------------- very high
RSI: --------------------------------------- 95
Recent performance: ------------------ up 7-8% on the day
Number of up / down candles: --------- many
Shape of last candle b/f entry:--------- starting to separate from 9 EMA after grind
Joker: ----------------------------------- N/A
Joker worked: ----------------------- N/A
Outcome joker: ---------------------- N/A
Profit/(Loss) Without Commission:--- -19.80
Trade Comments:
Start of getting really extended with 95 RSI and separation from 9 EMA
Execution was poor
First entry too big as I was too sure of myself
Second entry was not adhering to 1% rule
Also, IB had no shares available for me to add or protect myself
Covered for a relatively large loss
In hindsight, it was the right thing to do
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-28 11:53:34 | CALM | sell | $43.740 | short |
2015-04-28 11:54:36 | CALM | sell | $43.960 | short |
2015-04-28 12:00:27 | CALM | buy | $44.840 | 0 |
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